In today’s article, I decided to share with you my insights from today’s Quick Gold Alert. Have a nice read!
February 28, 2025
Where are the bears’ next targets?
Technical Picture of Gold
Looking at the daily chart, we see that gold futures started Friday (Asian trading hours) with a pro-bearish gap ($2,886.31-$2,895.90), which increases the probability of further deterioration.
Therefore, Tuesday’s comments and levels to watch remain up to date also today:
(…) the futures dived under the lower border of the green rising trend channel (marked on the daily chart), which opened the way to the next support area – marked with green on both chars around $2,880-$2,895.
Therefore, if the barrier of $2,900 do not stop the bulls we’ll likely see the price there in the very near future. Additionally, if the bulls let their opponents to close the day under the lower line of the mentioned channel, this will trigger a pro-declining scenario based on the height of the channel.
What do I mean by that?
Considering the mentioned height of the channel, we can see a decline to around $2,840 or even to around $2,824, where the 38.2% Fibonacci retracement (based on the entire Dec.18, 2024 – Feb. 24, 2025, upward move) currently is.
Have a profitable day, a wonderful weekend and…. this is the day when I won’t write: “see you on Monday”.
Company’s support has probably already let you know that I’m leaving, and today is the day you’re reading my last analysis that I’ve prepared for you.
Starting Monday, I won’t be with you in this form anymore… Not in the form of charts and analyses, but I’ll be with you in spirit and heart, wishing you more profitable trades, more smiles on your faces when you check your accounts and see that your trades hit the take profit, and more beautiful moments that you’ll be able to experience thanks to these earnings.
Thank you all for this incredible journey we’ve taken together here. Thank you for the support and understanding you’ve shown me when the effects of the accident held me back and didn’t allow me to write for you… Thank you for every comment and every like that gave me strength and pushed me forward to keep going despite my condition and not give up… Thank you sooooo much for that 💚
I’m stepping away from here as an analyst and returning to the world of my biggest passion, which has been burning inside me since childhood… I’m going back 100% to writing the book that’s flowing through me like a fountain.
Am I disappearing completely from Golden Meadow?
Probably not, because I still want to share my most powerful talents with you… imagination, creativity, and strategic thinking. Maybe I’ll return as a consultant who helps take the company to an even higher level, maybe as a course creator, or maybe as someone else. Wherever I am and whatever I do, I’ll be rooting for you and wishing you all continued success.
Stay healthy, tighten those stop losses ;) and… see you in the future.
Anna Radomska